Current through P.L. 171-2024
Section 36-12-3-16.5 - Electronic funds transfer(a) As used in this section, "electronic funds transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic terminal, telephone, or computer or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit an account.(b) A library board may adopt a resolution to authorize an electronic funds transfer method of payment of claims. If a library board adopts a resolution under this subsection, the public library may pay money from its funds by electronic funds transfer.(c) A public library that pays a claim by electronic funds transfer shall comply with all other requirements for the payment of claims by the public library.As added by P.L. 113-2010, SEC.162.